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Harman Lidder

harman.lidder@exprealty.com +1(250) 318-2425

$ 449,900

Est. payment | -/mo

6 Beds

2 Baths

Save Virtual Tour

$ 449,900

Est. payment | -/mo

Save Virtual Tour

6 Beds

2 Baths

Open House

Sun Nov 15, 12:00pm - 1:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Subdivision Sidney Ward

MLS® Listing ID X13589488

Style Bungalow

Bedrooms 6

Property Description

Exceptional Duplex Investment Opportunity - 6.62% Projected Cap Rate! Whether you're an investor looking to expand your portfolio or a first-time buyer looking to offset your mortgage with rental income, this property offers excellent flexibility and income potential. Unit A is currently rented for $1,200/month, while Unit B was rented for $2,300/month earlier this year and is now vacant, providing an opportunity for immediate occupancy or a new tenant. At the asking price of $449,900, the property offers a potential gross annual rental income of $42,000 and a projected 6.62% capitalization rate based on the previous rental income of both units. An added bonus is the separate basement space for Unit B, which is already framed and ready for buyers to finish to their own taste, offering additional living space and future value-add potential. Live in one unit while the other helps offset your mortgage payments, or rent both units to maximize your investment potential. Whether you're entering the real estate market or adding to your investment portfolio, this is an opportunity worth exploring! (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 2.27 m X 9.02 m Utility room

Extra Room 2 Main level 3.45 m X 3.21 m Kitchen

Extra Room 3 Main level 3.54 m X 6.16 m Living room

Extra Room 4 Main level 4.38 m X 2.58 m Primary Bedroom

Extra Room 5 Main level 2.62 m X 4.55 m Bedroom 2

Extra Room 6 Main level 3.35 m X 2.46 m Bedroom 3

Interior

Heating Forced air

Cooling Window air conditioner

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage No

Private Pool No

Building

Story 1

Sewer Septic System

Architectural Style Bungalow

Others

Virtual Tour https://youriguide.com/370_meyers_creek_rd_quinte_west_on/

Listed by EXP REALTY, BROKERAGE

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(250) 318-2425

harman.lidder@exprealty.com

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370 MEYERS CREEK ROAD Quinte West, ON K8V5P8